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Episode 18: The Sunk Cost Fallacy (Rebroadcast)
Manage episode 163856016 series 1288272
Do our initial investments doom us to continuing supporting bad decisions? Learn about the power that sunk costs, or costs that have already been incurred and thus can't be recovered, and how sunk costs influence our decisions. Specifically, we'll talk about the effect that draft order in the NBA has on the playing time and survival of basketball players.
19 episode
Episode 18: The Sunk Cost Fallacy (Rebroadcast)
The Alanis Business Academy Podcast: Business Education for Everyone Else | Matthew Alanis
Manage episode 163856016 series 1288272
Do our initial investments doom us to continuing supporting bad decisions? Learn about the power that sunk costs, or costs that have already been incurred and thus can't be recovered, and how sunk costs influence our decisions. Specifically, we'll talk about the effect that draft order in the NBA has on the playing time and survival of basketball players.
19 episode
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